Credit Suisse: Are we teetering on the edge of a banking crisis?
This Is Why · Sky News
March 21, 202314m 12s
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Show Notes
Credit Suisse, one of Switzerland's largest banks, has been swallowed up by its rival UBS for £1bn.
The shotgun merger happened less than a week after the UK financial authorities saved the British arm of Silicon Valley Bank which had collapsed in the US. These troubles either side of the Atlantic have spooked investors - the concern now is other banks could follow.
On the Sky News Daily Sally Lockwood speaks to economics and data editor Ed Conway about what this means for investors and whether we are teetering on the edge of a banking crisis.
Producer: Rosie Gillott
Editor: Philly Beaumont
The shotgun merger happened less than a week after the UK financial authorities saved the British arm of Silicon Valley Bank which had collapsed in the US. These troubles either side of the Atlantic have spooked investors - the concern now is other banks could follow.
On the Sky News Daily Sally Lockwood speaks to economics and data editor Ed Conway about what this means for investors and whether we are teetering on the edge of a banking crisis.
Producer: Rosie Gillott
Editor: Philly Beaumont